Bitcoin is temporarily in a long downwards trend (see red lines marking a channel that way).
But there are a Shoulder Head Shoulder figure telling us to go to the A rectangle target.
The B, C and D indicators proves Bitcoin is in a temporarily long trend.
But remember the downwards channel... later after reaching A rectangle can reverse heavily.
But there are a Shoulder Head Shoulder figure telling us to go to the A rectangle target.
The B, C and D indicators proves Bitcoin is in a temporarily long trend.
But remember the downwards channel... later after reaching A rectangle can reverse heavily.
Now the price is below EMA 50 and also is inside the cloud of Ichimoku about to break it from below.
We can expect anything right now, but be aware the price can go most probably to $8.200 and less probably to $11.500.
May be in overall, is time to take a short holiday and comeback some days later to see how it evolves..